HOUSTON--(BUSINESS WIRE)--
Saratoga Resources, Inc. (NYSE MKT: SARA, the “Company”) has officially
been added to the prestigious broad-market Russell Global Index and its
sister indexes the Russell 3000® Index and the Russell Micro-Cap Index.
Reconstitution of the Russell indexes occurred, and trading based on the
newly reconstituted indexes began, on June 25, 2012.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000, which remains in place
for one year, means automatic inclusion in the Russell Micro-Cap index
as well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
Total returns data for the Russell 3000 and other Russell Indexes is
available at www.russell.com/indexes/data/us_equity/Russell.us.index.returns.asp.
Management Comments
Mr. Andy Clifford, President of Saratoga Resources, said today; “This is
indeed a special day for Saratoga and our shareholders. Less than 2½
years ago we were a bulletin board company with a market cap of less
than $20 million. Being added to the very prestigious Russell 3000 index
validates our efforts and the growth strategy that we continue to employ
in our efforts to build an industry leading oil and gas company.”
About Russell:
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offers actively managed, multi-asset portfolios and
services that include advice, investments and implementations. Working
with institutional investors, financial advisors and individuals,
Russell’s core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
construction. Russell has approximately $155 billion in assets under
management (as of 3/31/2012) and works with 2,400 institutional clients,
more than 580 independent distribution partners and advisors and
individual investors globally. Founded in 1936, Russell is a subsidiary
of The Northwestern Mutual Life Insurance Company.
About Saratoga Resources, Inc.
Saratoga Resources, Inc. is an independent exploration and production
company with offices in Houston, Texas and Covington, Louisiana.
Principal holdings cover 32,185 gross/net acres, mostly
held-by-production, currently located in the transitional coastline and
protected in-bay environment on parish and state leases of south
Louisiana. For more information, go to our website at www.saratogaresources.com
and sign up for regular updates by clicking on the Updates button.
Saratoga Resources, Inc.
Brad Holmes, 713-654-4009
Investor
Relations
or
Thomas Cooke, 713-458-1560
CEO
or
Andrew
C. Clifford, 713-458-1560
President
or
Michael O.
Aldridge, 713-458-1560
CFO
www.saratogaresources.com
Source: Saratoga Resources, Inc.
| Copyright: | Copyright Business Wire 2012 |
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